Unexpected, but also unacceptable

Russian invasion's multi-dimensional impact, and India's meek acceptance of the damage done to its economy


Illustration: Ajay Mohanty

The Russian invasion of Ukraine has upended the global recovery from the pandemic. Estimates of global output growth over the coming year have been slashed by almost a percentage point
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

Also Read

Russia-Ukraine war, Covid-19 surge in China on IMF-World Bank agenda

Monetary policy must respond nimbly to second inflation round: IMF official

IMF projects India's general fiscal deficit at 9.9% of GDP for FY23

During Covid, free food helped rein in poverty in India: IMF paper

IMF likely to slash FY23 GDP growth forecast for India to 8-8.3%

Numbered in the millions

A new indispensable power

Seven questions after Ukraine

Ukraine's globalisation lesson

A long-expected invasion

Fintech regulation must be calibrated

SC verdict on GST Council's recommendations will have no practical impact

Mandir, masjid, truth, reconciliation

Simulating gravity

The free rider problem of Hindutva

First Published: May 22 2022 | 11:18 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to